Board of Governors of the Federal Reserve System

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• The Fed - Risk, Uncertainty, and Expected Returns

  market and uncertainty factors carry positive risk premiums. The empirical...book-to-market, and industry portfolios as well as individual stocks indicate

  URL: https://www.federalreserve.gov/econres/feds/risk-uncertainty-and-expected-returns.htm
  



• The Fed - Supply Chain Constraints and Inflation

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  URL: https://www.federalreserve.gov/econres/feds/supply-chain-constraints-and-inflation.htm
  



• The Fed - Demand Uncertainty, Selection, and Trade

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  URL: https://www.federalreserve.gov/econres/feds/demand-uncertainty-selection-and-trade.htm
  



• The Fed - Insurance, Weather, and Financial Stability

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  URL: https://www.federalreserve.gov/econres/feds/insurance-weather-and-financial-stability.htm
  



• The Fed - Insurers' Investments and Insurance Prices

  and, therefore, earn higher average investment returns; (2) insurers set

  URL: https://www.federalreserve.gov/econres/feds/insurers-investments-and-insurance-prices.htm
  



• The Fed - Spectral backtests unbounded and folded

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  URL: https://www.federalreserve.gov/econres/feds/spectral-backtests-unbounded-and-folded.htm
  



• The Fed - Firm Default and Aggregate Fluctuations

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  URL: https://www.federalreserve.gov/econres/ifdp/firm-default-and-aggregate-fluctuations.htm
  



• The Fed - Global Banking and Firm Financing: A Double Adverse Selection Channel of International Transmission

  market where each bank lends to the worst firms in terms of the unobserved

  URL: https://www.federalreserve.gov/econres/ifdp/global-banking-and-firm-financing.htm
  



• The Fed - Payments Systems: Theory and Policy

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  URL: https://www.federalreserve.gov/econres/ifdp/payments-systems-theory-and-policy.htm
  



• The Fed - Aggregate Productivity and Aggregate Technology

  markets. Empirically, we find that these gaps are important, even though

  URL: https://www.federalreserve.gov/econres/ifdp/aggregate-productivity-and-aggregate-technology.htm
  

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